EarningsQ2 2026 Earnings Report
DE:LS3 Q2 2026 EPS Results
Actual EPS-€0.08
Consensus EPS€0.30
Beat/MissMissed by -€0.38
One Year Ago EPS€0.04
DE:LS3 Q2 2026 Revenue Results
Actual Revenue€149.98M
Expected Revenue€138.70M
Beat/MissBeat by +€11.28M
YoY Revenue Growth+11.10%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
DE:LS3 Upcoming Earnings
Lsb Industries's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:LS3 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution (on-time, on-budget, injury-free turnarounds), meaningful quarter-over-quarter EBITDA growth (40% increase) and a solid balance sheet (≈$220M cash, net leverage 1.1x) while outlining clear growth avenues (CCS ownership, potential El Dorado expansion) that could add material incremental EBITDA. Countervailing factors include the sizable near-term earnings drag from turnarounds (~$35–$40M), elevated SG&A trends, and ongoing geopolitical/supply risks that create volatility in pricing and timing for project paybacks. On balance management presented confidence in improved production, favorable market fundamentals, and disciplined capital allocation, while acknowledging execution and external market risks.Company Guidance
Adjusted EBITDA Growth
Second quarter adjusted EBITDA increased to $53 million from $38 million in Q2 2025, a 40% year-over-year increase. Trailing-12-month adjusted EBITDA was $200 million as of June 30, 2026. Excluding estimated $35–$40 million turnaround impacts, illustrative Q2 adjusted EBITDA is approximately $90 million.
Successful Turnarounds and Improved Production Rates
Major turnarounds at El Dorado and Pryor were completed on time, on budget, and injury-free. Post-turnaround, El Dorado has achieved some of its highest daily production rates since 2016, running ~1,380 t/day in summer vs. nameplate ~1,150 t/day (potential ~1,400 t/day in cooler weather), implying roughly +100+ t/day potential incremental production.
Strong Balance Sheet and Cash Generation
Approximately $220 million in cash at quarter-end, net leverage ~1.1x. Operating cash flow for the quarter was $59 million; sustaining capital was ~$27 million, leaving free cash flow of about $32 million. Invested ~$13 million in growth projects during the quarter (including ~$11 million on the CCS acquisition/development).
Carbon Capture & Sequestration (CCS) Ownership and Expected Earnings
LSB agreed to assume full ownership of the El Dorado CCS project via milestone-based investments. Expected to begin operations in Q1 2027; when fully operational management expects $25–$30 million of annual earnings and cash flow net of operating costs, plus commercial flexibility to pursue low-carbon product premiums and environmental attribute sales.
Expansion Pipeline and Incremental EBITDA Potential
Feasibility/FEED for a potential El Dorado ammonia expansion underway with FID targeted in Q2 2027. Project cost estimated $135–$150 million, USDA grant expected to fund ~20% (net cost ~$105–$120 million). Planned expansion would add ~100,000 tons/year and is estimated to generate roughly $20 million of incremental annual EBITDA (market-price dependent).
Favorable Market Backdrop and Commercial Execution
Fertilizer pricing environment constructive: Tampa ammonia settled at ~$635/mt for August; NOLA UAN trading around ~$300/ton. UAN and ammonia demand supported by mining, construction/quarrying, and anticipated higher corn acres; strong uptake of summer fill programs and a flexible order book to capture price improvement.
Operational Improvement Targets
Company reiterated path to an additional $35 million of annual EBITDA from production targets, process efficiencies, and cost optimization with a material portion expected by year-end and remainder by end of 2027.
DE:LS3 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed